For nearly four decades, the financial advisors of The Mahoney Group of Raymond James have earned the loyalty and trust of a client base of affluent families spanning multiple generations. Located in the New York Metropolitan area and part of one of the largest, independent financial services and securities firms in the U.S., its team of distinguished, credentialed professionals draw on state-of-the-art resources to provide innovative financial planning investment management services.
At the core of the Group’s success is a collegial business model – a rarity in the financial services industry. The five partners are not just colleagues, but close personal friends—no dog-eat-dog intraoffice competitions! Managing Directors and high school friends Christopher Mahoney, CIMA® and Mark C. Marotta, CIMA® founded the group along with Mahoney’s brother, Kevin Mahoney, Managing Director, CIMA®, AIFA® in 1996 while working with one of the oldest investment banking firms. In 2003, another Mahoney close friend, Philip A. Murphy, Managing Director, CFA®, AIF® came aboard from Morgan Stanley, and Kristen M. Koluch, Investment Portfolio Associate, CFA®, AIFA®, who first met the team as a high school intern, left the investment banking world to join the team.
“This collaborative approach gives our clients the advantage of tapping into the insights of a team of experienced and talented people with a diversity of backgrounds and perspectives,” says Marotta. “We are a closely-knit group, often conferring with each other to design solutions for complex problems or specialized issues that high-net-worth families and corporations often experience. For us, collaboration is a way of life.”
Comprehensive Services for High-net-worth Families and Corporations
Focused solely on the needs of affluent investors and corporations, The Mahoney Group offers sophisticated services including comprehensive financial planning and thoughtful portfolio management, with $2.8B in assets under management. “We pride ourselves on being a learning organization. With multiple Certificated Investment Management Analysts (CIMA®) and Chartered Financial Analysts (CFA®) on staff, our collective skill sets are both wide and deep. This is a necessity for the long-standing relationships we build with clients. Different from other advisors, we are not selling products but providing solutions,” says Koluch.
“Our investment philosophy is conservative, and our portfolios reflect our belief that strategic asset allocation is the primary determinant of portfolio risk and return,” adds Marotta. “Rather than ‘set it and forget it,’ we monitor portfolios regularly, handling all the administrative tasks, reviewing the investments’ performance and proactively reallocating assets to address changing risks…not just market volatility, but longevity, inflation, withdrawal and liquidity risks as well. Every investor is given a written investment policy and asset allocation.”
Investment recommendations are made with careful consideration of the clients’ liquidity needs and tax efficiencies. The Mahoney Group constructs low cost portfolios using a combination of passive and active strategies. By managing to a target risk budget they take advantage of market efficiencies while capitalizing on areas of opportunity.
Yet, The Mahoney Group balances the financial modeling required for effective portfolio management with the personal aspects of investing. “Our business is all about people, our clients, and their financial well-being. We can’t lose sight of our clients’ ‘why’—Why are they investing? What does their portfolio need to accomplish for their family? That comprehensive perspective allows our advice to be holistic, while offering the foundation to assure clients during challenging market environments,” explains Koluch.
The team moved to Raymond James in 2015 with one goal in mind—to have the freedom to provide high-net-worth families and corporations with unbiased advice and the highest level of service. “Leaving the large wire houses and banks behind, we maintain a low client-to-advisor ratio and offer products and solutions that best serves a client, all while maintaining cost efficiencies,” says Marotta. “And we’ve assembled a dream team of support professionals—a key component of our clients’ loyalty and the foundation for our team’s comradery.”
“We have the privilege to serve clients far outside the typical advisor role,” adds Koluch. “While we certainly invest significant time and effort on investment management, our value does not end with portfolio construction. We are sounding boards on a wide number of issues such as making major purchasing decisions, navigating through difficult transitions in life, family wealth transfer and much more. We find our clients then have more time to enjoy doing what matters most to them—being a grandparent, building a business, pursuing interests, serving the community and traveling.”
Raymond James & Associates, Inc., member New York Stock Exchange/SIPC
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